Ethic Inc. Buys 132 Shares of Markel Group Inc. $MKL

Key Points

• Ethic Inc. increased its stake in Markel Group Inc. by 15.6%, acquiring an additional 132 shares, bringing their total holdings to 976 shares worth approximately $1,815,000.
• Markel Group reported Q2 earnings of $25.46 per share, surpassing expectations, with revenues of $4.82 billion, a significant increase of 24.3% year over year.
• The stock has shown a 0.2% decline, currently trading around $1,924.94, with institutional investors owning 77.12% of the company's shares.

Ethic Inc. boosted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 15.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 976 shares of the insurance provider's stock after acquiring an additional 132 shares during the period. Ethic Inc.'s holdings in Markel Group were worth $1,815,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Markel Group in the first quarter valued at approximately $115,000. GAMMA Investing LLC lifted its stake in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after buying an additional 7 shares during the period. Vontobel Holding Ltd. acquired a new position in Markel Group in the first quarter valued at approximately $372,000. Check Capital Management Inc. CA lifted its stake in Markel Group by 2.5% in the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock valued at $147,860,000 after buying an additional 1,921 shares during the period. Finally, Values Added Financial LLC lifted its stake in Markel Group by 42.0% in the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock valued at $2,825,000 after buying an additional 447 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,820.33.

Markel Group Stock Up 1.2%

Shares of NYSE:MKL traded up $24.1730 during trading on Friday, reaching $1,993.5630. 37,991 shares of the stock were exchanged, compared to its average volume of 47,034. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. Markel Group Inc. has a 1-year low of $1,494.00 and a 1-year high of $2,075.92. The stock has a fifty day moving average of $1,976.11 and a two-hundred day moving average of $1,901.37. The firm has a market cap of $25.22 billion, a price-to-earnings ratio of 11.96 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.Markel Group's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $18.62 EPS. Research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.